Morning Preview: January 06, 2026
Early Look
U.S. stock futures are mixed as the Nasdaq shows slight gains following positive news from the Consumer Electronics Show (CES) and improved revenue guidance from Microchip Technology (MCHP) in the semiconductor sector. Meanwhile, Dow futures are down after reaching a record high on Monday.
Market Overview
On Monday, Wall Street closed higher, buoyed by the U.S. operation in Venezuela that resulted in the capture of former President Nicolás Maduro, who faces serious charges. Oil prices rose by 1.7% in response to these developments. The Nasdaq Composite increased by 0.6%, while both the S&P 500 and Dow Jones Industrial Average also saw gains of 0.6% and 1.2%, respectively, with the Dow closing at a record high of 48,977.18.
Sector Performance
Seven of the S&P 500 sectors finished in the green, with Energy leading the way as investors anticipated U.S. companies benefiting from the reconstruction of Venezuela's oil infrastructure. Notable stock movements included:
- CVX (Chevron) surged 5% as it remains the only U.S. oil major operating in Venezuela.
- XOM (ExxonMobil) reached a record high, increasing by about 2%.
- Oilfield services companies HAL (Halliburton) and SLB (Schlumberger) jumped 8% and 9%, respectively.
- U.S. refiners also saw significant gains, with VLO (Valero) rising approximately 9.5% and MPC (Marathon Petroleum) nearly 6%.
Global Market Trends
Asian markets continued their strong start to 2026, with the Hang Seng Tech Index climbing over 2% and several Chinese indexes reaching multi-year highs. The Nikkei Index rose by 685 points, while the Shanghai Index and Hang Seng Index also posted gains.
In Europe, the German DAX and FTSE 100 saw slight increases, reflecting a positive sentiment across global markets.
Economic Data and Events
This week is packed with economic data releases, including:
- ADP employment report on Wednesday
- JOLTS job openings data
- ISM Services PMI
- December payrolls report on Friday, with a consensus estimate of +55,000 jobs
These reports are crucial ahead of the Federal Reserve's upcoming meeting on January 28-29.
Sector News Highlights
Consumer
Anheuser-Busch InBev announced a $3 billion buyback of a 49.9% stake in its metal container plants in the U.S. VinFast Auto Ltd. expects its global electric vehicle deliveries for 2025 to double compared to 2024.
Energy, Industrials, and Materials
CVR Energy announced a $75 million term loan principal payment. Heavy-truck orders in North America surged 21% in December, indicating strong demand.
Financials
Prudential plans to repurchase up to $1.2 billion of its shares. Zillow's CEO anticipates a slow year for the U.S. housing market due to high home prices.
Healthcare
AngioDynamics reported better-than-expected earnings and raised its revenue outlook for FY26. Apogee Therapeutics announced promising results for its asthma drug in early-stage trials.
Technology, Media & Telecom
Accenture is acquiring Faculty to enhance its AI capabilities. Microchip Technology's shares rose after it provided positive revenue guidance.
Conclusion
The market is reacting positively to geopolitical developments and economic data, with various sectors showing strong performance. Investors are advised to keep an eye on upcoming economic reports that could influence market trends.